THORChain：無縫跨鏈加密貨幣交換的革命性協議

Amidst the rapid development of the crypto world, THORChain is emerging as a breakthrough that promises to revolutionize how we interact with various blockchains.

在加密世界的快速發展中，THORChain 正在成為一項突破，有望徹底改變我們與各種區塊鏈互動的方式。

THORChain is a decentralized protocol that facilitates liquidity between blockchain platforms without requiring users to give up control of their crypto assets.

THORChain 是一種去中心化協議，可促進區塊鏈平台之間的流動性，而不要求用戶放棄對其加密資產的控制。

THORChain’s uniqueness lies in its ability to connect blockchain networks that do not normally interact with each other.

THORChain 的獨特之處在於它能夠連接通常不會相互互動的區塊鏈網路。

Developed using the Cosmos SDK, THORChain enables the non-custodial exchange of assets across blockchains, laying the foundation for various user interfaces.

THORChain 使用 Cosmos SDK 開發，可實現跨區塊鏈的非託管資產交換，為各種使用者介面奠定了基礎。

One of THORChain’s key features is its ability to exchange Layer 1 assets across chains, such as exchanging BTC for ETH, without requiring user registration, without the intermediation of wrapped assets, and at transparent and fair prices, without the involvement of a centralized third party.

THORChain 的關鍵特性之一是能夠跨鏈交換第 1 層資產，例如將 BTC 兌換 ETH，無需用戶註冊，無需包裝資產中介，並且價格透明公平，無需中心化第三方參與。

Basic Concept of THORChain

THORChain is a decentralized liquidity protocol that makes it easy for users to exchange crypto assets across multiple networks without losing full control of their assets.

THORChain的基本概念THORChain是一種去中心化的流動性協議，使用戶可以輕鬆地跨多個網路交換加密資產，而不會失去對其資產的完全控制。

With the adoption of THORChain, users can easily swap crypto assets with one another without the need to rely on order books for sufficient liquidity.

透過採用 THORChain，使用者可以輕鬆地相互交換加密資產，而無需依賴訂單簿來獲得足夠的流動性。

RUNE, as the native utility token of the THORChain platform, incentivizes liquidity providers and accelerates crypto market access.

RUNE作為THORChain平台的原生實用代幣，可激勵流動性提供者並加速加密貨幣市場進入。

RUNE is a utility token introduced by THORChain that allows users to engage in the network and is used as a swap or gas fee payment for RUNE pairs.

RUNE 是 THORChain 推出的實用代幣，允許用戶參與網絡，並用作 RUNE 對的交換或汽油費支付。

In the THORChain ecosystem, RUNE plays a key role in four main aspects, namely as a settlement asset for all pools, for maintaining network security, for governance, and as an incentive.

在THORChain生態中，RUNE主要在四個方面發揮關鍵作用，即作為所有礦池的結算資產、維護網路安全、治理和激勵。

To ensure the existence of each pool with 50% RUNE pairs, RUNE tokens are required in a 1:1 ratio to the assets being pooled, regardless of how they are added or withdrawn.

為了確保每個池子中存在 50% RUNE 對，RUNE 代幣需要與池內資產的比例為 1:1，無論它們如何添加或提取。

In addition, RUNE is also required to allow Node Operators to provide security for the network, with economic incentives to support the network’s best interests.

此外，RUNE還需要允許節點營運商為網路提供安全性，並透過經濟誘因來支持網路的最大利益。

Advantages of THORChain

THORChain的優勢

THORChain has various advantages that are important to know, including the following:

THORChain 具有多種必須了解的優勢，包括以下內容：

Security

Remember that THORChain ensures security in the exchange of assets by using various mechanisms, including Byzantine Fault Tolerance (BFT) consensus and multi-signature technology.

安全性請記住，THORChain 透過使用各種機制來確保資產交換的安全性，包括拜占庭容錯（BFT）共識和多重簽章技術。

Each transaction is verified by a decentralized network of nodes, reducing the risk of manipulation or attacks.

每筆交易均由去中心化的節點網路進行驗證，從而降低了操縱或攻擊的風險。

Decentralization

Decentralization is important in THORChain’s operation, as it eliminates single points of failure and avoids dependence on centralized entities.

去中心化在 THORChain 的運作中非常重要，因為它消除了單點故障並避免了對中心化實體的依賴。

With a widespread network of nodes, stakeholders make decisions collectively, thus maintaining the system’s integrity.

透過廣泛的節點網絡，利害關係人集體做出決策，從而維護系統的完整性。

Speed and Efficiency

THORChain optimizes the speed and efficiency of asset exchange by using technologies such as cross-chain atomic swaps.

速度和效率THORChain透過使用跨鏈原子交換等技術來優化資產交換的速度和效率。

This enables the direct exchange of assets between blockchains without involving third parties or lengthy processes, thereby speeding up the exchange process and significantly reducing transaction costs.

這使得區塊鏈之間可以直接進行資產交換，無需涉及第三方或冗長的流程，從而加快交換過程並顯著降低交易成本。

In addition, the use of intelligent routing algorithms helps ensure that each transaction is completed quickly and efficiently through the best available path.

此外，智慧路由演算法的使用有助於確保每筆交易透過最佳可用路徑快速且有效率地完成。

THORChain Working Mechanism

THORChain uses a Continuous Lending Pool protocol that enables cross-chain crypto token exchange. It stores all non-native cryptos supported by THORChain into a liquidity pool with THORChain’s native asset, RUNE.

THORChain 工作機制THORChain 使用連續借貸池協議來實現跨鏈加密代幣交換。它將 THORChain 支援的所有非原生加密貨幣與 THORChain 的原生資產 RUNE 一起儲存到流動性池中。

The network model releases tokens from it for cross-chain exchange. In THORChain’s mechanism, whenever a user initiates a cross-chain exchange or an exchange between two non-native crypto assets, the protocol system on THORChain automatically converts that particular token into RUNE.

網路模型從中釋放代幣進行跨鏈交換。在 THORChain 的機制中，每當用戶發起跨鏈交換或兩個非原生加密資產之間的交換時，THORChain 上的協議系統會自動將該特定代幣轉換為 RUNE。

Then, the system again exchanges RUNE for the tokens that the user is entitled to receive in return. Essentially, the THORChain protocol offers instant double exchange through a non-custodial approach.

然後，系統再次以 RUNE 交換用戶有權收到的代幣。本質上，THORChain 協定透過非託管方式提供即時雙重交換。

THORChain adopts a Proof of Stake consensus mechanism where staking of RUNE tokens is required to ensure the reliability of the overall system.

THORChain採用權益證明共識機制，需要質押RUNE代幣以確保整個系統的可靠性。

It allows users to earn proceeds based on deposits into the network’s liquidity pool.

它允許用戶透過存入網路流動資金池來賺取收益。

These deposited amounts are available to other users who may need loans. The THORChain network also incentivizes nodes to validate exchanges. There are approximately 100 to 300 validator spots on THORChain.

這些存入的金額可供其他可能需要貸款的用戶使用。 THORChain 網路也激勵節點驗證交換。 THORChain 上大約有 100 到 300 個驗證節點。

Interested validators need to bond at least 1 million RUNE to get a validator spot. These nodes are hosted with an additional security layer to prevent potential network issues.

有興趣的驗證者需要抵押至少 100 萬個 RUNE 才能獲得驗證者席位。這些節點託管有額外的安全層，以防止潛在的網路問題。

THORChain Use Cases

Below are some of the ecosystems that exist within THORChain, including the following:

THORChain 使用案例下面是 THORChain 中存在的一些生態系統，包括：

ASGARDEX

This is a free standalone desktop application that implements a THORChain-based decentralized exchange.

ASGARDEX這是一個免費的獨立桌面應用程序，實現了基於THORChain的去中心化交易。

As a single open-source code platform, ASGARDEX acts as a reference for a number of developers who contribute to this ecosystem.

作為一個單一的開源程式碼平台，ASGARDEX 為許多為這個生態系統做出貢獻的開發人員提供了參考。

THORSwap

THORSwap is a cross-chain DEX aggregator platform developed on top of the THORChain cross-chain liquidity protocol. THORSwap plays an important role as the main interface for various services in the THORChain ecosystem, including THORNames and synthetic assets.

THORSwapTHORSwap 是一個在 THORChain 跨鏈流動性協定之上開發的跨鏈 DEX 聚合平台。 THORSwap 作為 THORChain 生態系統中各種服務（包括 THORNames 和合成資產）的主要介面發揮著重要作用。

XDEFI

A multi-chain wallet allows users to securely store, exchange, and transmit crypto and NFTs across 14 blockchains.

XDEFIA 多鏈錢包允許用戶跨 14 個區塊鏈安全地儲存、交換和傳輸加密貨幣和 NFT。

ThorWallet

It is a non-custodial mobile DeFi wallet equipped with cross-chain DEX integration. Users can easily exchange native tokens, manage liquidity positions on THORChain, exchange fiat currencies, and perform various other functions.

ThorWallet是一款配備跨鏈DEX整合的非託管行動DeFi錢包。用戶可以輕鬆兌換原生代幣、管理 THORChain 上的流動性頭寸、兌換法定貨幣以及執行各種其他功能。

ShapeShift DAO

A pioneering proprietary platform for digital asset trading. The open-source platform empowers users to securely buy, store, trade, and invest in digital assets. It increases access to an open and decentralized financial system.

ShapeShift DAOA 開創性的數位資產交易專有平台。此開源平台使用戶能夠安全地購買、儲存、交易和投資數位資產。它增加了開放和去中心化金融系統的存取權限。

Rango Exchange

A powerful multi-chain DEX and bridge aggregator focused on affordability and support for major blockchains.

Rango Exchange 一個強大的多鏈 DEX 和橋樑聚合器，專注於可負擔性和對主要區塊鏈的支援。

Rango supports over a dozen blockchains, over 12 bridges/DEX, and 7 different wallets with a modern user interface (UI/UX).

Rango 支援十多個區塊鏈、超過 12 個橋/DEX 以及 7 個具有現代用戶介面 (UI/UX) 的不同錢包。

Defispot

Defispot is an all-in-one multi-chain DEX (Decentralized Exchange) developed on top of THORChain. Defispot offers all users the ease of use of DeFi by providing a traditional user interface (UI/UX) – a DEX disguised as a CEX (Centralized Exchange).

DefispotDefispot是一款在THORChain之上開發的一體化多鏈DEX（去中心化交易所）。 Defispot 透過提供傳統的使用者介面（UI/UX）－偽裝成 CEX（中心化交易所）的 DEX，為所有使用者提供 DeFi 的易用性。

Decentralfi

A decentralized exchange built on THORChain. With the help of a slippage optimization bot called Slippy, Decentralfi advises users to split large trades to optimize exchange fees.

Decentralfi基於 THORChain 的去中心化交易所。在名為 Slippy 的滑點優化機器人的幫助下，Decentralfi 建議用戶分拆大筆交易以優化交易費用。

Lends (formerly known as Lendscape)

It is a decentralized exchange that uses THORChain and has plans to support lending services.

Lends（原名 Lendscape）是一個使用 THORChain 的去中心化交易所，並計劃支援借貸服務。

0xVentures

A DAO that acts as an investment fund with the sole purpose of investing in projects that disrupt specific sectors, with a focus on integration with blockchain and the community.

0xVenturesA DAO 作為投資基金，其唯一目的是投資顛覆特定產業的項目，重點是與區塊鏈和社群的整合。

THORChads DAO

THORChads DAO is an incentive program and hub for the THORChads Metaverse, where the community can enjoy various creative projects such as NFTs, product launches, IDO access, and games.

THORChads DAOTHORChads DAO 是 THORChads Metaverse 的激勵計劃和中心，社區可以在這裡享受各種創意項目，例如 NFT、產品發布、IDO 訪問和遊戲。

Through THORChads.com, the platform acts as a creative launchpad supporting new community projects.

透過 THORChads.com，平台充當支援新社區計畫的創意啟動板。

ThorGuards

A community center for THORChain that integrates ecosystem partners and highlights its characteristics. The 3D art uniquely blends Norse mythology and Viking elements with cyberpunk aesthetics and accents.

ThorGuards是THORChain的社區中心，整合生態合作夥伴並突顯其特色。 3D 藝術獨特地將北歐神話和維京元素與賽博龐克美學和口音融為一體。

Vanir Threads

A platform that creates NFTs that can be exchanged for handmade physical collectibles, combining the digital world with the uniqueness of real collectibles.

Vanir Threads是一個創建可兌換手工實體收藏品的NFT的平台，將數位世界與真實收藏品的獨特性相結合。

Immunefi

A third-party bug bounty provider for THORChain that encourages vulnerability reporting by rewarding responsible disclosure and strengthening network security.

Immunefi THORChain 的第三方漏洞賞金供應商，透過獎勵負責任的揭露和加強網路安全來鼓勵漏洞報告。

Thorstarter

This multi-chain IDO and DAO Venture platform combines a unique launch model with liquidity provisioning to incubate, fund, and launch the most promising projects within DeFi, accelerating innovation within the ecosystem.

Thorstarter這個多鏈 IDO 和 DAO Venture 平台將獨特的啟動模式與流動性供應相結合，以孵化、資助和啟動 DeFi 中最有前途的項目，加速生態系統內的創新。

THORChain allows users to easily access a wide range of digital assets through a Continuous Liquidity Pool protocol that ensures cross-chain liquidity availability.

THORChain 讓用戶可以透過連續流動性池協議輕鬆存取各種數位資產，確保跨鏈流動性可用性。

As such, users can quickly and efficiently exchange digital assets without going through complicated processes or depending on one particular blockchain. It enables broader and more flexible access to various digital assets across the blockchain ecosystem.

因此，用戶可以快速有效地交換數位資產，而無需經過複雜的流程或依賴特定的區塊鏈。它可以更廣泛、更靈活地存取區塊鏈生態系統中的各種數位資產。

Challenges and Solutions

Despite facing inevitable challenges, such as security risks and competition with other decentralized exchange platforms, THORChain continues to bring remarkable innovations.

挑戰與解決方案儘管面臨不可避免的挑戰，例如安全風險和與其他去中心化交易平台的競爭，THORChain繼續帶來卓越的創新。

Although most team members remain anonymous, THORChain has shown success since its multi-chain “chaosnet” launched in April 2021.

儘管大多數團隊成員仍保持匿名，但 THORChain 自 2021 年 4 月推出多鏈「chaosnet」以來已經取得了成功。

By providing incentives to liquidity providers, protection from temporary losses, and cross-chain support, the platform opens the door to a more decentralized and efficient future of crypto asset trading.

透過向流動性提供者提供激勵、防止暫時損失以及跨鏈支持，該平台為加密資產交易更加去中心化和高效的未來打開了大門。

As a key part of the blockchain evolution, THORChain is leading the way in addressing cross-network liquidity challenges and providing a robust solution for asset exchange in the new era of blockchain.

作為區塊鏈演進的關鍵部分，THORChain 正在引領解決跨網路流動性挑戰，並為區塊鏈新時代的資產交換提供穩健的解決方案。

The Future of THORChain

THORChain的未來

THORChain’s core function empowers a cross-chain liquidity network. However, THORChain’s protocol architecture enables many benefits beyond multi-chain asset exchange.

THORChain的核心功能賦能跨鏈流動性網路。然而，THORChain 的協定架構也具有多鏈資產交換以外的許多好處。

For example, the platform offers self-pay loans, composites, synthetics, and more.

例如，該平台提供自付貸款、綜合貸款、合成貸款等。

The network plans to announce a multi-chain mainnet on THORChain and a series of “ThorFi” products for better user experience.

該網路計劃在 THORChain 上發布多鍊主網以及一系列「ThorFi」產品，以提供更好的用戶體驗。

THORChain also offers a robust range of tools created and tested by a core team of developers that aim to provide developers with reliable resources.

THORChain 還提供一系列由核心開發團隊創建和測試的強大工具，旨在為開發人員提供可靠的資源。

These tools range from THORSTARTER, THORChain Explorer, THORCHADS, and more. With these benefits, THORChain ranks among the most superior blockchain networks.

這些工具包括 THORSTARTER、THORChain Explorer、THORCHADS 等。憑藉這些優勢，THORChain 躋身最優秀的區塊鏈網路之列。

Conclusion

To conclude, THORChain is a decentralized network protocol that plays an important role in the blockchain ecosystem. Using the Continuous Liquidity Pool, THORChain facilitates direct and secure cross-chain asset exchanges.

結論總而言之，THORChain 是一種去中心化網路協議，在區塊鏈生態系統中發揮重要作用。 THORChain 利用持續流動性池，促進直接、安全的跨鏈資產交換。

THORChain’s presence provides easy and fast access for users to exchange digital assets and provides great benefits in connecting various blockchains.

THORChain的出現為用戶提供了輕鬆快速地交換數位資產的途徑，並為連接各種區塊鏈提供了巨大的好處。

As a protocol that enables asset exchange without going through a third party, THORChain strengthens security and speeds up the exchange process. This is crucial in overcoming the cross-network liquidity challenges that have been bottlenecks in the blockchain ecosystem.

作為一種無需透過第三方即可實現資產交換的協議，THORChain 增強了安全性並加快了交換過程。這對於克服區塊鏈生態系統中的瓶頸跨網路流動性挑戰至關重要。

As such, THORChain facilitates the exchange of assets and plays a significant role in accelerating the evolution and widespread adoption of blockchain technology.

因此，THORChain 促進了資產交換，並在加速區塊鏈技術的發展和廣泛採用方面發揮重要作用。

Now, you understand what THORChain is, from its definition to its shortcomings.

現在，您了解了 THORChain 是什麼，從它的定義到它的缺點。

In addition, you can also read various collections of interesting articles about blockchain technology only on INDODAX Academy.

此外，您還可以閱讀INDODAX Academy獨有的各種關於區塊鏈技術的有趣文章集。

To deepen your knowledge about blockchain technology, you are advised to read various interesting articles available on INDODAX Academy.

為了加深您對區塊鏈技術的了解，建議您閱讀 INDODAX Academy 上提供的各種有趣的文章。

Through various general materials related to blockchain and crypto assets, INDODAX Academy presents comprehensive knowledge, from basic concepts to in-depth aspects.

透過與區塊鏈和加密資產相關的各種通用資料，INDODAX Academy 呈現從基本概念到深入的全面知識。

By reading the articles in INDODAX Academy, you will hopefully better understand the world of NFTs and crypto assets as a whole.

透過閱讀 INDODAX Academy 中的文章，您有望更了解 NFT 和整個加密資產的世界。

Let’s continue to improve your understanding of blockchain and crypto assets only on INDODAX Academy!

讓我們在 INDODAX Academy 上繼續提高您對區塊鏈和加密資產的理解！